Burney Co. lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 59.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,522 shares of the transportation company's stock after selling 8,115 shares during the period. Burney Co.'s holdings in Delta Air Lines were worth $334,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $189,296,000. Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Delta Air Lines by 419.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock worth $28,551,000 after acquiring an additional 453,926 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after acquiring an additional 416,338 shares during the period. 69.93% of the stock is owned by institutional investors.
Shares of NYSE DAL opened at $65.81 on Friday. The stock has a fifty day moving average of $62.86 and a 200-day moving average of $52.47. The stock has a market cap of $42.47 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $68.99.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.20 billion. During the same period in the prior year, the company posted $1.28 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share for the current year.
In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,319 shares of company stock valued at $6,794,748 over the last 90 days. 0.96% of the stock is owned by insiders.
A number of research firms have commented on DAL. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Susquehanna increased their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. TD Cowen increased their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average price target of $78.22.
Check Out Our Latest Stock Analysis on DAL
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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